Archive · 16 Sep 2025
Sowind Group Sees Growth Potential in Indian Luxury Market
Sowind Group, the company behind Ulysse Nardin and Girard-Perregaux, is excited about the Indian luxury market.
They've opened a new Ulysse Nardin store in Gurugram with plans for more, including one in Mumbai.
They see growth potential in India due to rising incomes.
They anticipate India will become a top market for them.
The boutique in Gurugram offers special editions and personalized watchmaking.
A report shows that India's high net worth population is growing quickly.
This comes as the luxury watch industry adjusts to market changes, such as in China.
Sowind Group is bullish on the Indian luxury market.
The first Ulysse Nardin standalone boutique opened in Gurugram.
The company plans to open more stores in Mumbai.
Sowind Group sees growth potential due to rising incomes.
India is targeted to become one of the top markets.
- Who
- Sowind Group
- What
- Opening standalone boutiques in India
- When
- September 15, 2025
- Where
- India (Gurugram & Mumbai)
- Why
- To capitalize on India's growing luxury market
Market Dip
Market Expansion
Market Sentiment
Market Dip
The Swiss luxury watch industry has been coping with a dip in exports.
Market Expansion
Sowind Group anticipates strong growth and aims to make India a top market.
- Company
- Sowind Group
- Brands Owned
- Ulysse Nardin, Girard-Perregaux
- First Standalone Boutique
- Gurugram
- Focus
- Luxury Watch Market in India
- Report Noted
- HNW population growing at 11-15% CAGR